A Qualitative Evaluation of the Influence Exerted by Client Sector the Use of Formal Risk Management Techniques and Procedures (2012)
Risk Management Techniques and Procedures Dissertation – The Construction industry has often been maligned for its inability to control risk which has a direct impact on Time, Cost and Quality. In order to address these issues, improvements must be made by companies in their approach to risk management. The study seeks to show that public sector clients lead the way in instilling awareness in contractors with regard to risk management procedures and techniques.
The aim of this study is to evaluate the influence exerted by client sector on the employment of formal procedures used in the management of risk by Civil Engineering and Building Contractors, at various stages in the project lifecycle. Further to reviewing the literature and in particular the Treasury Department Integrated Project Lifecycle and Risk management Guidance Notes (NAO, 2007), it is anticipated that those contractors working for public sector clients are likely to have been exposed to rigorous risk management procedures and techniques compared with those contractors working for private sector clients. It follows that this should therefore be reflected in their approach to risk management throughout the project lifecycle. In order to satisfy this proposition, the following research objectives have been devised:
- Ascertain stages within the Project Lifecycle where contractors working both for public and private sector clients undertake risk management.
- Ascertain risk identification techniques/practices carried out by both those contractors working for private sector clients and those working for public sector clients.
- Ascertain risk evaluation practices carried out by both those contractors working for private sector clients and those working for public sector clients.
- Ascertain risk response practices carried out by both those contractors working for private sector clients and those working for public sector clients.
- Identify differences and similarities existing between the techniques and processes employed by contractors working for both private and public sector clients.
- 12,000 words – 60 pages in length
- Excellent use of literature
- Good in depth analysis
- Good analysis of the subject area
- Includes interview transcripts
- Ideal for building studies students
2: Review of the Background Literature
Introduction to the Literary Review
Risk: A Definition
The Project Lifecycle
Risk management and The Project Lifecycle
Tools and Techniques
3: Primary Research Strategy
Introduction to Primary Research Strategy
Identification of Variables
Justification of Research Methods: Case Study
Justification of Research Methods:- Open-Ended Interview
Themes of Open-Ended Interview
Sample of Respondents
Interpretation of Findings
4: Analysis of Findings
The Effect of Client Sector
Influence of Procurement Route
Influence of Contract Selection
Influence on Risk Management Activities